Salaries Rise, Job Market Expands in Israel

The Israeli 200 shekel bill. (Nati Shohat/Flash90)
Israeli shekalim. (Nati Shohat/Flash90)

Salaries in Israel have risen in recent months, the Central Bureau of Statistics announced this week. Salaries in July, the last month for which figures were compiled, rose on average for most industries by NIS 100 as compared to a month before, for a total of NIS 10,021. There were more jobs, too: In July, there were a total of 3,554,000 jobs in Israel, 11,700 more than in June.

The largest segment for employment was in education, where 495,300 people were employed. In second place was retail and wholesale sales and engine and vehicle repair, with 484,700 employees. The least popular line of work was real estate sales, where there were only 27,400 employees. The public sector in Israel included 651,700 workers in July.

Despite being the largest employer, the education industry paid significantly below the average salary, with teachers on average earning NIS 8,612 in July. The best-paid workers were in the information technology and communications fields, where the average salary was NIS 19,297 a month in July, followed by financial services, where workers earned on average NIS 18,988. Least paid were workers in the food and hospitality industries, where workers in July earned on average NIS 4,523. Two-thirds of salaried employees worked in industries where they earned less than the average NIS 10,021 salary.

Among non-financial industry firms, which account for 65.2 percent of jobs, 90 percent of workers were employed at private companies, with an average salary of NIS 9,808. Workers at government corporations earned more than twice as much: NIS 18,149. National Insurance Institute workers earned an average of NIS 13,087 and local authority workers made NIS 8,601.

To Read The Full Story

Are you already a subscriber?
Click to log in!